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"I'd Like to Soak this up for Awhile."

2D, 10m. - May 22 - Channel Trend has been down.  Market opened in lower channel and advanced to the upper arm and went sideways only to collapse back to the trend line near the end of the session.  The three day weekend injects another feature into what happens next.  The short term trend is down.
5D, 15m. - May 22 - Again the Bearish Trend is apparent short term.  This move comes after an extended Bull run.  This is a short term correction and its extent is uncertain.  Important support is at 88 on the SPY and 880 on the SPX.  These are important levels to watch.  If 88 does not hold it would indicated a lower market in the near future.
3M, Daily - May 22 - Long Term perspective is important in technical analysis.  A recent tilt to the downside is seen in the Trend Channel.  Again 88 is an important level to watch.